Spicejet’s 14% move on heavy volumes, which is pretty wild considering the rest of the market has been selling.
The news actually looks meaningful this time: they’re adding capacity, damp-leasing 19 aircraft, reactivating the grounded 737 MAX fleet, and planning to triple their ASKM by end-2025 (ASKM = Available Seat Kilometers, basically a measure of total passenger-carrying capacity- higher ASKM usually means more revenue potential.)
They’re also targeting 225 daily flights this winter vs 125 in summer. So they’re clearly trying to scale back up in a big way.And the timing couldn’t be more interesting because Indigo is in full chaos mode right now-- 1000+ cancellations, crew shortage drama, DGCA pressure, and serious operational issues.When the market leader stumbles, someone else always benefits.
Feels like the market is already betting that SpiceJet picks up some of that displaced traffic. If momentum continues, ₹40 doesn’t look far at all, especially if Indigo’s problems drag on.
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